Personal loan and transaction fee: restrictions raise up on law level

The National Assembly voted against the government's proposal on Monday, so one person can get loan once a year, with 65 percent higher annual percentage, up to 250 thousand HUF.

According to the legislation from next June, one financial institution can give loan once per a calendar year, for the same person, with a total annual percentage exceeds 65 percent and shall not exceed 250 thousand HUF. The maturity of a loan can be extended by no more than six months – reports privatbankar.hu.